News & Updates - Wednesday, November 29, 2006
Broadcom Buys LVL7 And Other Fresh Deals
Investments
+ ORANGE, CT Tangoe has raised $8M in Series E (Enterprise telecommunications expense management software)
+ CAMBRIDGE, MA Skoot has raised around $6.2M in Series A funding led by Khosla Ventures(Mobile Internet)
+ SEATTLE, WA Apex Learning has raised $6M in 7th-round funding. (Digital curriculum)
+ FRANCE Sequans Communications has raised an undisclosed amount of strategic funding from Motorola Ventures. (Fixed and mobile WiMAX semiconductors)
+ ORLANDO, FL Xytrans has raised an undisclosed amount of fifth-round funding. (Millimeter wave sensors used in screening people)
+ FRANCE Pecheur.com has raised €1M (Ecommerce company focused on hunting and fishing gear)
M&A
+ LEXINGTON, MA Symantec to acquire assets of Revivio for around $20M. Revivio had raised around $52.5M (Continuous data protection)
BELLEVUE, WA IBM to acquire Vallent. No financial terms were disclosed. Vallent has raised over $83M in VC funding (Network performance monitoring and service management software for wireless service providers)
IRVINE, Calif. and RESEARCH TRIANGLE PARK, NC Broadcom to acquire LVL7 (Networking software that enables networking original equipment manufacturers (OEMs)
and original design manufacturers)
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